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20121112
20121120
Search Results 0 to 22 of about 23 (some duplicates have been removed)
to him about the fiscal cliff, compromise and the odds of a deal happening. >>> america's energy independence and the environmentalist who says fracking is here to stay. but just how do we make it safe? we'll drill down to get some answers. >>> and then the man who many in the technology world call the next steve jobs. you're probably already using something this quiet genius already invented. "the wall street journal report" begins right now. >> this is america's number-one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look what's making news as we head into a new week on wall street. corporate america had a strong message for president obama this week. ceos from more than a dozen of america's largest companies met with the president and warned that washington must reach a deal to avoid the fiscal cliff. the president also sat down with congressional leaders and officially began negotiations. if congress doesn't act, taxes on income, capital gains, dividends and estates will all go up. and automatic spending cuts will kick in, beginn
saudi arabia? could an abundance of shale oil in the u.s. actually bring about energy independence by the year 2020? we drill for the truth straight ahead. and how rich is rich? the president wants higher taxes for americans earning more than $250,000 a year. is that fair? or should that number actually be $1 million? and could this be the key to resolving the looming fiscal cliff? that and a lot more is still to come on the "closing bell." >>> if a budget is not agreed upon to avoid the fiscal cliff, the average middle class family will pay $2,000 more in taxes. >> that's right. crunch time is upon us. the markets and economy will be held hostage until lawmakers do reach a deal on the fiscal cliff, presumably between now and the end of the year. >> eamon javers is breaking down the plan. over to you. >> just before the break, you and bill were debating whether or not it's too early to start getting sweaty palms about in fiscal cliff problem in washington. as a guy covering capitol hill for almost 20 years, i can tell you it's never too early to panic about what washington might do
'll talk to the ceo of shil oig. gasoline prices, energy policy and much more. [ male announcer ] introducing the new dell xps 12. part of a whole new line of tablets from dell. it's changing the conversation. ♪ side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... i'i invest in what i know.r. i turned 65 last week. i'm getting married. planning a life.
, at of the retailers of course. but monster, another big one we're watching. but energy drinks as a category is linked to adverse events and hospitalizations which is not a good thing when you're in that industry, you're looking at potential. and maybe warning labelis which are not a good thing either. >> the corner of a -- it's a triangle, jim. >> there's no resting place. here's the deal with monster. monster's last conference call, they did this remarkable test versus starbucks, and said they had less caffeine than starbucks, i actually bought a box of them at costco. i had to save them for -- and no, i mean these are really, i think, off the reservation, the five-hours. >> to say they have less caffeine than -- if i were a consumer looking for a caffeine jolt, they're saying that starbucks has more caffeine and is not linked to any adverse events. but starbucks is saying why are you lumping us into the 5-hour. maybe you should have -- at the same time the government is a -- the government doesn't come in and say, you know what? we like some energy drinks and not others. we don't like energy drinks
can burn off the inventory. clean energy fuels had them on last night. why focus on this? they have a clear growth path to build out stations. lloyd blankfein said in his editorial that key thing for growth in our country is energy. abundant energy. i thought we should look at clean energy that would benefit. markwest, this is a company that has a price above where they did secondary. look at the "wall street journal" word on the street. they say that maybe mlps have been oversold. if we're going to drill in this country for more energy, i like to think of halliburton down to 30. some people will say weatherford upgraded by a number of people and then let's not forget chesapeake. they came out this morning in a piece last night said we're more nat gas than i would like to be in ohio. when i spent time in ohio, 80% of what we put out on rigs is nat gas. you need the markwest pipeline to take natural gas to chesapeake to bring it to the east or to give it to clean energy fuels and in order to be able to drill oil, that's halliburton. that's the family of names that i'm focused on. >>
. let's check out latest news in energy and metals and go to sharon epperson at the nimax. >> the markets are jittery here. we have wti oil prices below $86 an oil and brent crude jumping up toward the 110 level. bob outlined the concerns about going over the fiscal cliff and what that means for the u.s. economy and what ripple effects it will have globally. there's also of course concern about what's going to come of the eu finance ministers meeting over greece and that's going to be an impact on the markets and we have geopolitics and israel saying they won't take direct hits from syria. that is something that the market has been watching very closely as well. the big story that has long-term ramifications for the u.s. oil industry and for the global energy trade is definitely the report today from the international energy agency where they said that they believe that the u.s. will become the top oil producer in the world by 2020. overtaking saudi arabia. overtaking russia and the fact that u.s. will be self-sufficient by 2035. this is a huge sea change in the debate tha
is considering shipping their shale gas assets to asia. with the current push for energy independence in the u.s., would that pass regulatory muster and what impact would that have on the stock price? >> a lot of people are feeling that epa will make it the only one that can export from here is shaneer lng. i don't think you'll be able to export. i think the government will stop it. tom in new york? tom? >> caller: boo-yah, jim, from new york. >> good to have you. >> caller: i've been hearing so much about true religion. where do you think they're headed? >> it's happening. you have to be on the next one. that is for real. i'm looking for the next takeover play. but only one that has good fundamentals? how about charlie in washington state? charlie? [ busy tone ] >> wow, charlie sounds like one of those eagles plays i made yesterday. yeah, it was my fault. the fiscal cliff is overshadowing good investment opportunities. we have to keep the pressure on. and then we can go back to saving for our kids and retirement. "mad money" will be right back. >> coming up, penny for your thoughts? jcpenney
budget. after the weekend, talks collapsed. and the annual world energy outlook report in an hour and plus analysis of where oil prices can be headed. and best buy gets set to join the tablet wars with it insignia flex. what can it offer to customers that the ipad, kindle 5 and surface can't. the first japanese government may be forcesed to lower its outlook for the economy, this after reporting an 8.9% fall in third quarter gdp. at this rate, already in recession. the government's attempts at a moderate recovery has been made more difficult by tensions with china. now pressure is even mounting from the boj, but analysts say the central bank likely to hold off until after the federal reserve is due to meet. joining us for more is global chief officer of global equities. and head of japanese research at jpmorgan securities. i suppose the question is whether this contraction here in the third quarter will be followed by another one in the fourth. >> it looks quite likely. you've got bad news on exports continuing and you've got on on top of that now a contraction in public spending
where energy went higher and stocks went lower. we're setting lows right now. the dow down 126 points at the 12,629 level. the nasdaq and s&p are also moving lower. the nasdaq has moved into correction territory, down about 10% from its highs set earlier this year. the s&p is down sharply as well at this hour. so it was those fed minutes, the continued fears we may go over the fiscal cliff as the negotiations are being carried out so far in a very public arena right now. we are off the worst levels of the day, but will these concerns keep investors out of the market right now? let's talk about that, shall we? >> that's what we want to in today's "closing bell" exchange. neil, let me kick this off with you. good to see you. thanks for joining us. as somebody who's putting capital to work in this market, you see a market that is down 600 points on the dow industrials. just since the election, that's 4% declines since the election on november 6th. what do you want to do here? do you want to put money in the market? >> i think you have to put money in the market but what you said is true.
in the oil market where the international energy agency has released another monthly report saying they see the global demand growth for oil sliding in this quarter and next year. they reduced the forecast there. we're also seeing production that is coming back online from the north sea. that's pressuring present crude prices and we expect to see another increase in crude supplies here in the u.s. for the weekly supply report. that also adding pressure to the wti contract. the only bright spark in the marketplace is natural gas. it is up for the second straight session. and there we may see a withdrawal from storage. first of the season as we get into the winter months. colder temperatures ahead also could help prop up natural gas futures. we're going to get that report on thursday from the energy information administration. i'm trying to get my acronyms straight here. on thursday we'll also get the oil report. it's going to come a day later because of the veterans day holiday. back to you guys. >> there are a lot of letters in your part of the world. >> there are. there are. >> thanks a lo
are logging losses since last week. the laggards, tech, energy, and financials. on the plus side, we're seeing consumer staples, health care, and telecom. those are the ones that have lost the least. financials, not really a surprise in terms of the laggards because president obama represents more regulation. to the energy group, he represents support of alternative energy, which in turn is bad for the oil and gas companies. with regard to technology, more regular arelation and financials could mean that private equity and venture capital firms suffer a bit. thus, tech would too. the groups that lost the least, consumer tapes, health care, and telecom, health care stocks include the hospitals. those could see a bit of a benefit when obamacare comes into play. some investors hoping that with the election behind us, we're going to see some green. with the threat of the fiscal cliff, many are expecting red as we approach the end of the year. back over to you. >> all right, jack. thanks very much. don't go anywhere. a trio of exclusive interviews kicking off the next hour of the "closing bell." >>
>>> final trades. >> sanchez energy. sm. >> freeport mcmoran. >>> scott, thank you. after a tough week last week, the bulls coming back stampede style. gangham style! look at the dow up big, 167 points. s&p and nasdaq virtually erasing last week's losses. >>> knock-knock. who's there? nobody. guess who isn't working with 42 days before we go off the fiscal cliff? congress! >>> with just about all attention focused on israel and hamas, maybe the markets and the world should focus on this rally in amman, jordan instead. see why this could shake up the reason beyond anyone's worst fears. >>> michelle is in for sue today at the nyse. welcome, michelle. >> hey, tyler. thanks. we got a nice triple digit rally today. going to start with a market alert on this big day for the markets. robert pisani, what's the story about why we're climbing today? >> nobody is around in congress to say anything bad about the fiscal cliff. everyone said, hey, we're looking good! president in bangkok said things are looking good. pelosi came out, representative pelosi, speaker of the house, said we can do a
, better than expectations. cpi and food energy not affected yet though there does tend to be a pop in prices after big storms like this. it is the philly fed survey that well underperformed where i think we may be seeing a lot of this. there could be some utility output in the year. there could be a whole bunch of businesses shut down and some of it what we don't know is we were accelerating the economy into the election and some of the chain store sales might have dropped off just before sandy came in. and then we seem to be getting an effect certainly in the retail sector, in cars we know. now labor. it's going to be a couple months before this washes out, pardon the pun. >> thank you, steve leisman. simon? >>> it is a busy day, tyler. lawmakers on capitol hill have released their highly anticipated report on the collapse of mf global and jon corzine's role within that. kayla tausche has the very latest. >> simon, a year in the making that 97-page report authored by the republicans on the house oversight subcommittee hardly minces words in singling out former senator jon corzine,
.s. manufacturing driven by very low energy prices. we're self-sufficient energy for the first time in years. another company like ppg, they really own the coatings business, about 70% of revenues from coatings, they're growing 4% to 6% organically and end the year with $2.5 billion in cash. they just sold their business, another $1 billion, that $3.5 billion in cash, 60% go to grow the business, 40% return to shareholders. you've got 5%, 6% top line, 10%, 12% net income growth with stock buy back and dividend going up 15% a year. you get 2% while you wait. if things -- if we don't do it on a fiscal cliff and things get worse, not going to get hurt. >> where did you buy comcast? >> comcast we've owned for a couple of years. that's another one that has morphed into a return of capital story. when we bought it just superior business model in a tough environment. if things get better, great, employment improves, we're going to have more hook-ups, housing improves, more connections, great growth story. if things don't get better, we're trying to protect for the downside and keep that optionalty
are an energy food. >> perfect for bloomberg to go on -- if it hasn't gone bankrupt, he would have tried to shut it down. >> jeremy, will you wear a rise a above -- you asked for one. >> yeah. i saw you rising and levitating. >> goolsbee wouldn't wear one because he was sure there was right wing conspiracy. are you ready to wear one. >> >> rise before has all sorts of con know takingnotations. >> but they're all good. >> yes. but i don't have a viagra pen. >> i asked goolsbee, what about be kind to animals. >> people see whatever they want. >> i will wear an i love hot dogs pin. >> it's a hint at compromise and that's what people don't like. >> in my mind, it doesn't hit a compromise. the president needs to compromise. that's how i see it. >> the republicans don't have to rise above? >> no, they've already put revenue on on the table. now let's compromise on on entitlements. you can lower marginal rights and raise effective rates, right? >> if the president didn't stand in the way, could you have a 1986 tax deal, take off preferences. you could lower tax rates which help the economy. everyone ca
. middle east tensions having an impact on energy markets. let's go to the nimax. >> oil prices with a risk on day in the energy complex today. as you mention tensions in the middle east are a big issue. it's not so much the conflict that we're seeing in israel and gaza but you have the surrounding areas that are oil producers and post-arab spring it's a timber box that people are concerned could be ignited by conflict that we're seeing and there's no sign that conflict is easing up. impact on oil prices reflecting that geopolitical premium and it's winter so we'll see demand increases in the u.s. and china as well. wti up about 2%. same thing that we're seeing in brent. brent prices driving the heating oil and gas price higher. we're seeing a dip this morning in natural gas of course the e geopolitical issue not a big issue there. traders talking about the fiscal cliff this morning hoping to see some sort of a compromise. back over to you. >> thanks for that. if you think planning your black friday will give you an advantage this year, watch out. it turns out people are already starting
technology business is growing so solutions like that are places we're putting a large amount of our energy behind but we're also counting on the federal government to help us with some certainty, one part has been solved, we have a president for the next four years, now we have to get fiscal tax issues resolved so we can solidify, our customers can feel better and question participate more with them. >> to that point you are meeting with the president, one of many ceos who will be meeting with him tomorrow i believe. what do you plan to tell the white house at that point? what is the most important issue and how do you come at it in terms of giving him some feedback for what the business communities sees in all of this? >> first thing we'll do is listen a little bit to what he has to say and what his plans are for the second term, but i think the business community and me in particular have been very clear. we need a solution to this fiscal cliff that's coming. i have to believe that logic will prevail here with some hard work and it will get a solution and we also need a tax policy that i
and the last administration. look at energy. look at private cultivation. look at texas. look at oklahoma. look at north dakota. they're creating jobs. then look at the epa. certainly growth is the only way out. we talk about cutting spending. we're not even cutting the baseline. we're cutting the growth in spending. >> what about jim's point of view that the deficit as a percentage of gdp is declining? >> i don't believe his math. i see trillion-dollar deficits for the last several years. i see us fighting over 2, 3, or 4 trillion over ten years when we still have a trillion every year for the last three. it doesn't add up. i don't know what jim is looking at. >> well, it's not my number. it's numbers from the government itself. >> that's good. >> the big decision you have to make when you apply fiscal austerity is how fast and how aggressive do you apply it while trying to improve the deficit but also maintain and not hamper the recovery or end the recovery. i would ask rick and everyone this, the question you have to ask yourself, who's best equipped to make that decision? is it a bunch of e
elsewhere. >> the american society of civil engineers gives our energy infrastructure a d-plus grade. look that the devastation two weeks after the storm hit. i give our infrastructure an f. this is infrastructure. this is america. this is 2012. this is two weeks after the storm hit. this is despicable. screws come from all over the united states to help in this recovery effort. i'm joined here by jerry up from nashville, tennessee. jerry, talk to me about the communication. what was it like when you first got up here? >> it seems like it was slow, real, real slow here. you know, seemed like people -- seemed like a lot of people didn't know what was going on. >> one of the biggest questions facing all of nassau county is that they don't have utility poles. they have been waiting for poles, the rulers were the poles were coming down from montreal. there were other stories that the poles were in customs, immigration was holding them up. well, guess what, we found the poles. when did these polls get delivered here to the park, do you know? >> i have no idea. i have only about here since satur
came out and it's something oprah and i talked a lot about. we needed more fun and energy, oprah needed to be on more often. oprah came on the network in the beginning of january and we had been on the air already for almost a year. >> she wishes she would have been on from the get-go. >> even if she was, it still would have taken. you have to make your mistakes, your stumbles, learn from it and move forward. when oprah is on own, we're usually a top five network in america, we also have "sweetie pies" a lot of talk characters during the day but the length of view is about 90 minutes so people are spending a lot of time with it. >> that's so important. >> the network is one of the fastest growing cable networks in america. >> that was going to be my question it's a pure cable play which you'd like to have because of the dual revenue stream but it's difficult to be in cable channel play if all your channels stink. if you do, then you have something and it becomes international now, that's what you're doing. >> when i got to discovery we had 13 channels in the u.s. and six channels in 00
petrol price and other energy price increases. but to a certain extent as well, the food price increases which we're beginning to see, and likely to see more of reflect changinged food presences, increasing prices for wheat even though spikes in corn and wheat prices that we've seen have been largely due to weather factors. but demands are the pressure, as well. >> for anyone trying to figure out what's going organization how sustainable are the inflation rates and are they not going to fall precipitously as the fee hikes come out. >> there will be, but if you look at the university tuition fees, that will be there for three years. it's not just something that will disappear in 12 months time. and that's an important point because when the bank of england presents it inflation forecast tomorrow, it will have to count those increases in fee as a medium term inflation pressure. they'll be there throughout the entirety of hair projections this time around. and then that has some effect on the policy making decisions. >> is that is t. for the 375, they're done? >> we suspect it probably is.
would achieve some of his energy goal simply not possible. you can't do it in a short time frame. so i think there are practical questions to that. but i don't think there's a principal objection to it if you somehow combined it with the existing system that in a way that reserved the distribution of the tax burden. he doesn't want to go backward on progressivity. and i think if you can meet those tests, that's part of help saying he's open to it. they've always been skeptical that you can did all these things. spi entitlement reform, deficit reduction and tax reform in anything close to the same time frame. >> all right, john, thank you. one more thing -- becky, i'm afraid to tell you this. fi phil lebeau, he knows everything about -- the last major -- >> i saw that. >> last major airline crash in the u.s. with fatalities was the one which was right after 9/11. >> horrific. >> in new york and right after 9/11. november of 2001. >> there was a 60 minutes piece on that neighborhood because that neighborhood just got swamped again. belle harbor i believe is the name. it just got swamped
Search Results 0 to 22 of about 23 (some duplicates have been removed)